Zeta Global (NYSE:ZETA) Earns Outperform Rating from William Blair

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating reiterated by analysts at William Blair in a research report issued to clients and investors on Thursday,RTT News reports.

ZETA has been the topic of several other research reports. Oppenheimer upped their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Truist Financial reiterated a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Craig Hallum raised their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Barclays upped their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, Bank of America boosted their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Trading Up 1.7 %

Shares of Zeta Global stock opened at $19.40 on Thursday. The stock has a market capitalization of $4.61 billion, a P/E ratio of -27.71 and a beta of 1.12. Zeta Global has a 12-month low of $7.84 and a 12-month high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $24.96 and a 200 day simple moving average of $23.52.

Zeta Global (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period in the previous year, the firm earned ($0.27) earnings per share. The firm’s revenue was up 42.0% compared to the same quarter last year. Research analysts expect that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the acquisition, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 129,901 shares of company stock valued at $2,471,244 in the last 90 days. 25.54% of the stock is owned by insiders.

Institutional Trading of Zeta Global

A number of institutional investors have recently modified their holdings of ZETA. FMR LLC boosted its holdings in Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC grew its holdings in shares of Zeta Global by 210.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after acquiring an additional 1,703,679 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Zeta Global in the second quarter valued at about $28,698,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.